Comparative Analysis of the HRM Practices between Hospitality and Healthcare Sectors in South Kerala
Journal Title: SDMIMD Journal of Management - Year 2016, Vol 7, Issue 2
Abstract
Hospitality and health care sectors have similarities due to service oriented and customer centric approach. The study is aimed to identify and understand the link between hospitality and health care sectors in terms of human resource management practices and how it enriches the business activities. The study is qualitative in nature and a case study was used. Purposive sampling method was used and primary data was collected through direct observation and semi-structured interviews with experts of the five star hotels and super specialty hospitals in South Kerala and secondary data was collected from journals, newspapers, books and internet, etc. Study analyzed that hospitality sector is having well functioned and polished HRM practices compared to health care sector. Each HRM practice is inter-connected and resulted into lower exit rate and better satisfaction of the staff. Proper execution of human resource management practices such as recruitment, selection, induction, training & development, performance appraisal, compensation, employee welfare, grievance mechanism and exit management has a significant role in satisfaction of the employees and performance of the organization. Well functioned HR department and HRM practices will enhance the effectiveness of the staff and that ultimately lead to the best quality service delivery.
The Salient Characteristics of Islamic Finance and Banking Law
Islamic finance and banking have been burgeoned throughout the world and many countries want to have a stake in it. Islamic banks connote to prohibition of payment or receipt of pre-determined interest rate. Payment or r...
Composite Portfolio Performance: An Investigation into Indian Mutual Funds
Earlier in the 1960s, though they were aware of the concept of risk, the portfolio managers did not know as to how to measure and hence their performance was measured only in terms of rate of return. Though quite a few m...
A Study on Employee Passion in Public Sector Banks
Employee Passion results from overall satisfaction with the organization, its policies, procedures, products, and management practices. Hard measures of Employee Passion include retention, absenteeism, tenure, and produc...
Labour Cost Management: Role of Non-monetary Factors at Indian Tea Plantation Sector
Indian Tea Plantation Sector is Labour intensive. Labour cost is one of the important cost instigating factors in total cost of production in Indian Tea Sector. Optimizing labour cost by enhancing labour productivity is...
An Empirical Study of Stock Split Announcements of Select BSE Sectors Using Event Study Methodology
This study examines the stock market reaction to stock splits between 2002 and 2013 of 6 sectors of BSE-Auto, Bankex, Consumer Durables, FMCG, Health Care and IT sectors to find out if the Indian stock market is semi-str...